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  • Posted: Jan 18, 2017
    Deadline: Not specified
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    Standard Chartered Kenya, whose official name is Standard Chartered Bank Kenya Limited, but is sometimes referred to as Stanchart Kenya, is a commercial bank in Kenya.
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    Senior Manager, Operational Risk- Functions

    Job description

    • To ensure Operational Risk Framework and all associated policies and procedures and the Risk Management Framework are effectively embedded and communicated in country, particularly in Functions.
    • To be the central point of contact for operational risks within the country arising within the processes, including being responsible for the evaluation of the design and operational effectiveness of all controls in Functions.
    • To ensure risks of processing failure in Functions are being actively managed and monitored on an end-to-end basis in country; including providing regular control assessments of required controls and escalation in instances
    Key Roles and Responsibilities
    • Ensure that the business heads and relevant staff understand and accept their operational risk management responsibilities.
    • Periodically assess the country operational risk profile to maintain alignment with the risk appetite. Redesign controls as required in response to internal and external factors
    • Provide a central contact point and oversight over all controls required to effectively manage operational risk within the country that arises from the end to end processes
    • Challenge the completeness of risk identification, monitoring and assessment of the corresponding control activities required within the end to end processes to identify and remediate any significant deficiencies.
    • Ensure compliance with Operational Risk policy & procedures.
    • Validate and challenge the first line risk identification and assessment of gross and residual risks arising within the end to end processes.
    • Review and approve risk record templates for acceptance.
    • Ascertain and confirm that country risk registers, key risk indicators, key control indicators, and control sample testing are effectively implemented.
    • Periodically review operational risk assessments to ensure these appropriately reflect changes in environment, mitigating controls and the progress of treatment plans
    • Approve the classification and accurate reporting of operational risk losses.
    • Support the preparation and ensure the delivery of root cause analysis for Unsatisfactory Operational Risk event as per procedure.
    • Inform the development of country business plans, exercising appropriate focus on the implementation of robust operating environments, within risk appetite, to support business aspirations
    Qualifications and Skills
    • Bachelor degree, preferably in Mathematics and Computer Science.
    • Strong skills in Bank's operations particularly Operational Risk and Information Technology preferable.
    • Strong Analytical Skill
    • High Attention to details
    • Fluently Speaking / Writing in English
    • Experience in Operational Risk, Operations, Compliance and Technology preferable

    go to method of application »

    Senior Manager, Trade, East Africa

    The role holder provides thought leadership regarding the identification and mitigation of financial crime risk affecting the Trade business in his or her country. The role holder provides product specific financial crime risk support to the Trade business and Trade Operations and provides his or her Trade experience to Local FCC (in his or her country) where needed. The role holder is a key resource in the roll out and day-to-day management of the Trade AML program in their country and participates actively in the assessment of escalated cases.
    The role holder also regularly participates in global discussions and calls with other FCC, Trade experts around Trade Based Money Laundering (TBML) and other trade-based financial crime

    Key Roles and Responsibilities

    Advisory work

    • Provides advice to the Trade business, which includes Trade Operations, regarding financial crime risks and controls.
    • Reviews new Trade products and initiatives and recommends solutions to address any risks.
    • Reviews existing Trade products against the FCC Global Product Risk Assessment and recommends solutions to address any risks.
    • Provides guidance to relevant jurisdictions in preparation for a Trade financial crime risk regulatory inspection.
    • Is the subject matter expert in cases escalated by AML Advisors to Country FCC (level 3) for assessment and possible escalation to authorities.

    Controls development and implementation

    • Is the local representative for FCC for the local roll outs of the Trade AML Target Operating Model and provides all necessary support from an FCC perspective to ensure a successful roll-out.
    • Reviews existing financial crime risk controls in Trade to determine their adequacy.
    • Proposes new/revisions to existing controls to incorporate changes to industry best practice and regulatory expectations.
    • Works collaboratively with the business and Operational Risk in the B/LKCSA process for financial crime risk.
    • Ensures appropriate documentation of controls and control decisions.

    Training

    • Helps maintain an effective financial crime risk training and awareness programme using different modes of delivery for Trade.
    • Provides ad-hoc additional training as and when appropriate.
    • Supports trainings and workshops in his or her region specifically tailored around TBML.
    • Assists in developing new trainings and provides case material based on experience.

    Monitoring/reporting

    • Performs an annual risk assessment and develops and implements Compliance monitoring in conjunction with relevant stakeholders.
    • Prepares reports for senior management in the region and for Global FCC when required.
    • Monitors completion of mandatory training and tests financial crime risk awareness within Trade.
    • Ensures timely escalation of incidents, control breaches to relevant stakeholders, assists in preparation of Suspicious Activity Reports (SAR’s) when needed.
    • Performs quality assurance review of Trade Operations’ decisions in relation to potentially suspicious activity.

    Partnership

    • Builds relationships with relevant stakeholders in the business, in the L&C organisation, and in other risk functions.
    • Endeavours to keep all relationships on a strong professional and collegial footing.
    • Endeavours to take a holistic approach to the management of risk – the financial crime risk issue may not be the most pressing risk issue.

    Knowledge Development and Information Management

    • Participate proactively in various information streams to gather appropriate knowledge on industry developments and regulatory developments.
    • Ensure provision of appropriate FCC Trade awareness through the regional training managers

    Stakeholders Relations

    • Engage actively with relevant stakeholders – local teams, regulators, risk functions and compliance colleagues to continually value-add to the overall risk management framework
    • Analyse and escalate FCC regulatory developments relating to Trade and product to the Regional Head FCC Trade, AME.

    Strategy

    • Provide input /Region/Country/Client Business operating model design of relevant FCC and business processes from an FCC Trade perspective.
    • Support the Regional Head of FCC Trade, AME in implementing the vision, strategy, direction and leadership for the Region , consistent with the vision and strategy for FCC and in support of the Group’s strategic direction and growth aspirations.

    Business

    • Analyse comprehensive impact of financial crime related Trade regulatory matters on the relevant business area and its operations.
    • Support the Regional Head of FCC Trade, AME nsuring that key changes (to laws, rules, regulations) in relation to FCC Trade are communicated and cascaded in Country in coordination with group communications.
    • Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
    • Keep track of and provide advice to relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices and policies related to FCC Trade.
    • Support resolution of competing requirements between regulationsfor example between AML regulations and data privacy/bank secrecy or information security regulations.
    • Provide advice to the Trade business, which includes Trade Operations, regarding financial crime risks and controls.
    • Review new Trade products and initiatives and recommends solutions to address any risks.
    • Review existing Trade products against the FCC Global Product Risk Assessment and recommends solutions to address any risks.
    • Provide guidance to relevant jurisdictions in preparation for a Trade financial crime risk regulatory inspection.

    Processes

    • In conjuction with the Regional Head of FCC Trade, AME develop, keep up to date and recommend for approval by the relevant Risk Committee, appropriate policies/processes/DOIs to address financial crime risks for FCC Trade, aligning with relevant regulatory requirements.
    • Providing guidance and oversight over the implementation of FCC Trade -related policies and procedures in Region and Country to ensure compliance with such policies and procedures.
    • Provide advice to relevant stakeholders on compliance with Group standards relating to FCC Trade.
    • Act as (second line) Risk Control Owner under the Group’s Risk Management Framework for those aspects of Regulatory Compliance relating to FCC Trade, and escalate issues as appropriate.
    • Review existing financial crime risk controls in Trade to determine their adequacy.
    • Propose new/revisions to existing controls to incorporate changes to industry best practice and regulatory expectations in relation to FCC Trade.
    • Work collaboratively with the business and Operational Risk in the B/LKCSA process for financial crime risk. Ensure appropriate documentation of controls and control decisions.
    • Where needed supports FCC teams in Country with trade specific cases that are escalated to FCC.

    Risk Management

    • Understand technical aspects of systems relevant to Trade financial crime risk.
    • Ensure that detection scenarios that are developed and deployed are fit-for-purpose.
    • Collaborate with stakeholders and provide the requisite support to establish and maintain watch lists used for customer and transaction screening and various other due diligence and investigative purposes Regionally insofar as they relate to FCC Trade.
    • Provide advice on the application of risk management frameworks (e.g. ORF, GRA) in relation to FCC Trade..
    • Inform senior management and relevant regulators of serious regulatory breaches (or where risk tolerances have been breached) and ensure that actions are taken quickly to remediate and/or activities are ceased.
    • Anticipate horizon risks in the area of Trade-related financial crime that may have a significant impact on the Group and develop effective strategies to mitigate such horizon risks.
    • Identify FCC Trade intelligence for typology studies and risk mitigation plans.
    • Advise relevant stakeholders on outcomes of risks identification and assessment methodologies from an FCC Trade perspective.
    • Partner with legal counsels for advice on FCC Trade technical matters (as appropriate).
    • Conduct a root cause analysis on the control/other failures to ensure lessons are learned across the bank.
    • Provide intelligence (to internal forums) on specific clients, client-types and emerging risk typologies.
    • Oversee the review and analysis of the client base to identify and manage high risk clients, or specific country reviews.

    Method of Application

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